Premiums shall be calculated as follows for policies in excess of $100,000

For policies of $100,001 - $1,000,000 Basic Premium
(1) Subtract $100,000 from policy amount.
(2) Multiply result in 1. (1) by $.00590 and round to the nearest whole dollar.
(3) Add $932 to result in 1. (2).

2. For policies of $1,000,001 - $5,000,000 Basic Premium

(1) Subtract $1,000,000 from policy amount.
(2) Multiply result in 2. (1) by $.00484 and round to the nearest whole dollar.
(3) Add $6,242 to result in 2. (2).

3. For policies of $5,000,001 - $15,000,000 Basic Premium

(1) Subtract $5,000,000 from policy amount.
(2) Multiply result in 3. (1) by $.00400 and round to the nearest whole dollar.
(3) Add $25,602 to result in 3. (2).

4. 4. For policies of $15,000,001 - $25,000,000 Basic Premium

(1) Subtract $15,000,000 from policy amount.
(2) Multiply result in 4. (1) by $.00285 and round to the nearest whole dollar.
(3) Add $65,602 to result in 4. (2).

5. For policies in excess of $25,000,000 Basic Premium

(1) Subtract $25,000,000 from policy amount.
(2) Multiply result in 5. (1) by $.00170 and round to the nearest whole dollar.
(3) Add $94,102 to result in 5. (2).